Update: New Presentation Date -- NetIQ to Present at the Pacific Crest Technology Forum

Market Wire, August, 2004

NetIQ Corporation (NASDAQ: NTIQ), a leading provider of Systems & Security Management and Web Analytics solutions, will present at the Pacific Crest Technology Forum being held at the Sonnenalp Resort in Vail, Colorado, on Tuesday, August 10, 2004.

Greg Drew, Senior Vice President, and General Manager, Web Analytics, and Greg Klaben, Vice President Investor Relations, are scheduled to present on Tuesday, August 10, 2004 at 4:15pm Mountain Time. This event was previously scheduled for August 9, 2004. They will be discussing the company's corporate and product strategy with investors and analysts.

A live audio webcast of the presentation and a replay will be available on the NetIQ corporate website, http://www.netiq.com/about_netiq/investor_relations/investorconferencecall.asp

The replay of the webcast will be available starting within 24 hours of the actual presentation.

About NetIQ

NetIQ Corporation (NASDAQ: NTIQ) is a leading provider of Systems & Security Management and Web Analytics solutions. Historically focused on managing Windows-based applications, NetIQ now delivers cross-platform solutions that enhance business performance resulting in higher returns on infrastructure and Web investments. NetIQ products are sold across all continents directly and through a network of authorized NetIQ partners and resellers. The company is headquartered in San Jose, Calif., with development and operational personnel in Houston, Texas; Portland, Ore; Raleigh, N.C.; Bellevue, Wash.; and Galway, Ireland. For more information, please visit the company's web site at www.netiq.com or call 1-888-323-6768.

Contacts: Greg Klaben Investor Relations 408-856-1894 greg.klaben@netiq.com Susan Torrey Press Relations 408-856-3028 susan.torrey@netiq.com